Speaking at the Extraordinary General Meeting today, Daibochi Managing Director Thomas Lim said that the acquisition was opportune in positioning the Group favourably to capture FPP demand in Malaysia and abroad.

Mr. Thomas Lim (林树坤), Managing Director of DaibochiBerhad said:

“This acquisition – Daibochi’s first – opens up a myriad of opportunities for us to expand our manufacturing capacity, increase our customer base, and derive substantial synergies in the areas of technical resources, research and development (R&D), and raw material procurement.

Vitally, this acquisition sets a new base in our market share for food and beverage (F&B) packaging in the region. Daibochi’s predominantly multinational clientele would be complemented by MPP’s customers mainly comprising local players. Together, we aim to set industry benchmarks in product quality and competitiveness towards expanding our regional footprint.”